Evangelical Services for the Aging

“In the interim between meetings of the board of directors, the executive committee shall have all powers of the board in the transaction of the business of the corporation. It shall not, however, have power to authorize any extraordinary expenditures or to contract any unusual or extraordinary liability without first obtaining the approval of the board.”

“The 990 is reviewed by the finance committee and presented to the full board of directors before the return is filed with the internal revenue service.”

“Board members and key staff are given a copy of the conflict of interest policy annually to review during the january board meeting. The policy outlines the guiding principles of the policy and disclosure requirements and procedures for dealing with conflicts of interest. In addition, board members and key staff are required to complete annual conflicts of interest and disclosure of related activities statements. "related" individuals shall not be placed in wesley enhanced living through employment, transfer, or promotion when such placement will result in one relative supervising another and/or having the responsibility to make or participate actively in making decisions regarding the "related" employee's employment status. Persons who have conflicts will be reviewed on a case-by-case basis and will abstain from both discussion and vote on any matter involving the conflict.”

“Compensation for the ceo and his direct reports is determined by the executive committee of the board of directors. Compensation studies are done periodically by an outside compensation consultant to determine compensation, using comparative independent data. For other employees, compensation reviews are completed internally comparing compensation data available through leading age, the hospital & healthcare compensation service salary & benefits report, and other benchmarks. This process was last performed in december 2022 and will be done again at the end of 2024.”

“The audited financial statements are available upon request. Requests for the governing documents and conflict of interest policy will be considered on a case-by-case basis.”